Credit Agreement and Notes definition
Examples of Credit Agreement and Notes in a sentence
The Credit Agreement and Notes provide for certain payments as set forth therein and in the Credit Agreement with the balances thereof due and payable at such times and in such amounts specified in the Credit Agreement and in no event later than October 3, 2022 (such final outside maturity date of all Loans pursuant to the Credit Agreement is referred to herein as the “Maturity Date”).
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If Grantor shall fail to pay the Indebtedness under the Subsidiary Guaranty and all sums due under the Credit Agreement and Notes as and when the same shall be due and payable pursuant to the Notes, whether at the due date thereof or by acceleration or otherwise.
Upon such acceptance and recording, on and after the Effective Date, the Agent shall make all payments under the Credit Agreement and Notes in respect of the interest assigned hereby (including, without limitation, all payments of principal, interest, commitment fees with respect thereto) to the Assignors and Assignee in accordance with their respective Applicable Commitment Percentages "On and After the Effective Date" as set forth beneath their signatures on the attached signature pages.
Commencing on the Agreement Effective Date, each Consenting Creditor agrees to forbear, until the date that is one day after the Petition Date, from the exercise of its rights (including any right of set-off) or remedies it may have under the Credit Agreement and Notes Indenture, as applicable, in each case, solely with respect to the Company Parties’ current or anticipated defaults as set forth on Schedule 2 to this Agreement (the “Specified Defaults”) and on no other basis.
GFCFS, LLC hereby assumes and agrees to perform and/or pay all of GFC FS, Inc.'s liabilities, debts, duties and obligations under the Credit Agreement and Notes.
Disbursements secured hereby shall not be required to be evidenced by a "written instrument or notation" as described in Section 45-68(2) of the North Carolina General Statutes, it being the intent of the parties that the requirements of Section 45-68(2) for a "written instrument or notation" for each advance shall not be applicable to disbursements made under the Credit Agreement and Notes.
Amendments to the Credit Agreement and Notes Effective only upon Timely Fulfillment of the "Amendment Conditions".
The obligation of each Bank to make its initial Loan hereunder is subject to the condition that the Agent shall have received on or before the Closing Date all of the following, in form and substance satisfactory to the Agent and its counsel (the existence of which satisfaction will be confirmed to the Company by delivery of a Certificate of the Agent in the form of Exhibit J), and in sufficient copies for each Bank: Credit Agreement and Notes.
Each of the Loan Documents (other than the Credit Agreement and the Notes) are hereby modified and amended, and shall be deemed to be modified and amended, in all respects necessary to make them consistent with the amendments to the Credit Agreement and Notes made by this Agreement.